· India’s fiscal deficit for FY14 likely to come in at 4.65% against expectations of 4.8% on the back of planned expenditure cuts.Cut of 20% in plan expenditure may take down fiscal deficit to 4.65% of GDP.
· WPI December at 6.16% five month low Nov WPI 7.52%
· 28 day term repo for Rs 10,000 crores on 17th January. 7 and 14 day held last week.
· Government cutting its borrowing by Rs 15,000 crores n the face of weak revenues Plan expenditure cut enabling government to run cash surplus
· 8.83% 2023 bond yield at 8.61%. volumes strong in govt bond market. Bullish sentiment on lower inflation and lower supply
· FIIs have bought USD 1.56 billion of INR bonds till 16th January in this week taking total January purchases to USD 2.14 billion
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